Sofoles definition

Sofoles. ’ means Sociedades Financieras de Objeto Limitado or limited purpose financial companies.
View Source
Sofoles means Sociedades Financieras de Objeto Limitado or limited purpose financial companies. “Sofomes” means Sociedades Financieras de Objeto Múltiple or multiple purpose financial companies. “Softec” means the consulting firm Softec, S.C.
View Source
Sofoles means Sociedades Financieras de Objeto Limitado or limited purpose financial companies. “Sofomes” means Sociedades Financieras de Objeto Múltiple or multi-purpose financial companies.
View Source

Examples of Sofoles in a sentence

  • Since SHF will cease to directly fund Sofoles in October 2009, and some Sofoles may elect not to comply with the SHF General Conditions, it is possible that the CNBV will propose alternative regulations governing Sofoles and/or Sofomes.

  • If any such location is leased by Debtor, the name and address of the landlord leasing such location is identified on Schedule 1 hereto.

  • Purpose Financial Companies (Sofoles) may only receive goods or rights that have the purpose of guaranteeing the obligations concerned.

  • Institutions and the Sofoles may only receive goods or rights that have as purpose securing the corresponding obligations .

  • Sofoles and banks use the financing received from SHF to grant loans to (i) construction companies and home developers, for the development and construction of residential housing, and (ii) individuals, for the purchase of new and existing homes.

  • SHF provides Sofoles and banks with a payment guarantee of up to 25% of the principal of individual mortgage loans.

  • Sofoles specialize principally on mortgage generation and financing, and, unlike banks, are unable to fund their operations through customer deposits, savings accounts or other forms of funding from retail investors.

  • Banks have emerged as significant competition to Sofoles and to Sofomes, particularly because the interest rates on their mortgages are often lower than those of Sofoles and Sofomes.

  • The Sofome Legislation, as defined below, has created a legal framework that will allow Sofomes to carry out financial leasing, factoring and lending activities as well as the operations that are currently carried out by Sofoles, which Metrofinanciera believes may result in increased investment and activity among existing industry participants and new entrants to the industry.

  • SHF sets general conditions, which are broad-based rules that establish industry-wide requirements that Sofoles and banks must follow in order to receive SHF funding and guarantees.

Related to Sofoles

  • Nematode means invertebrate animals of the phylum nemathelminthes, and class nematoda, i.e., unsegmented round worms with elongated, fusiform, or saclike bodies covered with cuticle, and inhabiting soil, water, plants, or plant parts, may also be called nemas or eelworms.

  • aeroplane means a power-driven heavier-than-air aircraft, deriving its lift in flight chiefly from aerodynamic reactions on surfaces which remain fixed under given conditions of flight;

  • Seaplane means a fixed wing aircraft which is designed for taking off and landing on water and includes amphibians operated as seaplanes;

  • Scalping means the situation where the Client opens too many positions in CFDs at the same time and closes them for less than five minutes or buying at Bid price and selling at Ask price, so as to gain the Bid/Ask difference.

  • Cart means a plastic Container with a hinged lid and wheels that is serviced by an automated or semi-automated Collection vehicle. A Cart has capacity of 20, 35, 64 or 96 gallons (or similar volumes).